Happy Friday, PLANSPONSOR readers! This week, we’re highlighting health care and other retirement benefits. First, did you know that most Americans underfund their health care savings? An Alegeus survey found a degree of health care savings discipline scored only 25.9 on a 100-point scale—ranking after college savings, retirement savings and emergency fund savings. Next, discover some of the best strategies large and mid-size employers utilize when balancing health benefit costs. Recently introduced by Representative Richard Neal, D-Massachusetts, a bill called the Automatic Retirement Plan Act of 2017 would require employers to hold either a 401(k) or 403(b) retirement plan; automatically enroll participants into the plan; and more. Also, a report found a combination of automatic features, including auto-enrollment and auto-escalation, can boost retirement savings; and a Lincoln Financial survey reports that government employers are pushing for additional provider education; better technology and more, in order to increase participation. All this and more on this week’s edition of PLANSPONSOR Weekend. |